Executive Summary
DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet average dividend payer.
Similar Companies
Share Price & News
How has DBS Group Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: D05 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: D05's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-0.2%
D05
-0.2%
SG Banks
-1.4%
SG Market
1 Year Return
55.6%
D05
24.4%
SG Banks
21.2%
SG Market
Return vs Industry: D05 exceeded the SG Banks industry which returned 23% over the past year.
Return vs Market: D05 exceeded the SG Market which returned 19.3% over the past year.
Shareholder returns
| D05 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | -0.2% | -1.4% |
| 30 Day | 2.3% | 0.2% | -2.4% |
| 90 Day | 13.2% | 1.8% | 5.1% |
| 1 Year | 60.0%55.6% | 29.7%24.4% | 26.9%21.2% |
| 3 Year | 17.6%2.3% | 3.4%-7.9% | -4.1%-15.6% |
| 5 Year | 146.6%96.5% | 54.5%27.4% | 23.4%1.1% |
Long-Term Price Volatility Vs. Market
How volatile is DBS Group Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Did You Participate In Any Of DBS Group Holdings' (SGX:D05) Fantastic 133% Return ?1 month ago | Simply Wall St
Shareholders May Not Be So Generous With DBS Group Holdings Ltd's (SGX:D05) CEO Compensation And Here's Why1 month ago | Simply Wall St
What Type Of Shareholders Own The Most Number of DBS Group Holdings Ltd (SGX:D05) Shares?Valuation
Is DBS Group Holdings undervalued compared to its fair value and its price relative to the market?
22.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: D05 (SGD29.5) is trading below our estimate of fair value (SGD37.83)
Significantly Below Fair Value: D05 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: D05 is poor value based on its PE Ratio (13.8x) compared to the Asian Banks industry average (11.1x).
PE vs Market: D05 is good value based on its PE Ratio (13.8x) compared to the SG market (15.6x).
Price to Earnings Growth Ratio
PEG Ratio: D05 is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: D05 is overvalued based on its PB Ratio (1.4x) compared to the XA Banks industry average (0.6x).
Future Growth
How is DBS Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
8.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: D05's forecast earnings growth (8.2% per year) is above the savings rate (1.9%).
Earnings vs Market: D05's earnings (8.2% per year) are forecast to grow slower than the SG market (24.8% per year).
High Growth Earnings: D05's earnings are forecast to grow, but not significantly.
Revenue vs Market: D05's revenue (6.9% per year) is forecast to grow slower than the SG market (7.8% per year).
High Growth Revenue: D05's revenue (6.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: D05's Return on Equity is forecast to be low in 3 years time (12.3%).
Past Performance
How has DBS Group Holdings performed over the past 5 years?
6.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: D05 has high quality earnings.
Growing Profit Margin: D05's current net profit margins (43.8%) are higher than last year (43.7%).
Past Earnings Growth Analysis
Earnings Trend: D05's earnings have grown by 6.8% per year over the past 5 years.
Accelerating Growth: D05's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: D05 had negative earnings growth (-6.2%) over the past year, making it difficult to compare to the Banks industry average (-8.4%).
Return on Equity
High ROE: D05's Return on Equity (10.2%) is considered low.
Financial Health
How is DBS Group Holdings's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: D05's Assets to Equity ratio (11.9x) is moderate.
Allowance for Bad Loans: D05 has a sufficient allowance for bad loans (109%).
Low Risk Liabilities: 78% of D05's liabilities are made up of primarily low risk sources of funding.
Loan Level: D05 has an appropriate level of Loans to Assets ratio (57%).
Low Risk Deposits: D05's Loans to Deposits ratio (80%) is appropriate.
Level of Bad Loans: D05 has an appropriate level of bad loans (1.6%).
Dividend
What is DBS Group Holdings's current dividend yield, its reliability and sustainability?
2.44%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: D05's dividend (2.44%) is higher than the bottom 25% of dividend payers in the SG market (1.82%).
High Dividend: D05's dividend (2.44%) is low compared to the top 25% of dividend payers in the SG market (4.71%).
Stability and Growth of Payments
Stable Dividend: D05's dividend payments have been volatile in the past 10 years.
Growing Dividend: D05's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.7%), D05's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: D05's dividends in 3 years are forecast to be covered by earnings (50.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
11.2yrs
Average management tenure
CEO
Piyush Gupta (60 yo)
11.5yrs
Tenure
S$9,182,630
Compensation
Mr. Piyush Gupta has been the Chief Executive Officer of DBS Group Holdings Ltd and DBS Bank Ltd. since November 9, 2009. Mr. Gupta served as the Chief Executive Officer of South-East Asia & Pacific region...
CEO Compensation Analysis
Compensation vs Market: Piyush's total compensation ($USD6.89M) is above average for companies of similar size in the SG market ($USD3.68M).
Compensation vs Earnings: Piyush's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: D05's management team is seasoned and experienced (11.2 years average tenure).
Board Members
Experienced Board: D05's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
DBS Group Holdings Ltd's company bio, employee growth, exchange listings and data sources
Key Information
- Name: DBS Group Holdings Ltd
- Ticker: D05
- Exchange: SGX
- Founded: 1968
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: S$75.414b
- Shares outstanding: 2.56b
- Website: https://www.dbs.com
Number of Employees
Location
- DBS Group Holdings Ltd
- 12 Marina Boulevard
- DBS Asia Central @ Marina Bay Financial Centre
- Singapore
- 18982
- Singapore
Listings
Biography
DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Ma...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/13 11:00 |
| End of Day Share Price | 2021/05/12 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.